ETHFI

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0323%/8h= +35.4% APRnext payment +$1.62 per $10,000 · paid last 24h +0.058%

Price spread now: Binance against Orderly−0.043%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Binance

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Binance is 0.043% cheaper against Orderly than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 11 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ETHFI_USDC	0.7058	−0.0223	get 0.0112% / 4h	22m 10s	$16K	$1K	10x
Short	Binance ETHFIUSDT	0.7055	0.0100	get 0.0050% / 4h	22m 10s	$24.5M	$35.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee BinancebpOrdersPrice spread, now −0.043%Rate

Funding earned: $67.93
Price spread: −0.043% → 0.000%: −$4.25
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: $47.68
Costs to cover: 0.160%
Break-even: 2.1 days

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 5 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Orderly no order-book sample	—	—	—	—	—
Sell Binance live order book, 5 min ago	0.71 bp	15.7 bp −$16	37.0 bp −$370	153.0 bp −$15.3K	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ETHFI on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit ETHFI_USDC-PERPETUAL	−0.0599%	1h	0.7062	+0.057%	$40K	$12K	10x	as long as short
HTX ETHFI-USDT	−0.0309%	4h	0.7046	−0.170%	$87K	$168K	20x	as long as short
Orderly PERP_ETHFI_USDClong	−0.0223%	4h	0.7058	long leg	$16K	$1K	10x
Injective ETHFI/USDC PERP	+0.0033%	1h	0.7240	+2.579%	$321	$51K	5.5x	as long as short
Kraken Futures PF_ETHFIUSD	+0.0044%	1h	0.7063	+0.072%	$264K	$209K	20x	as long as short
Paradex ETHFI-USD-PERP	+0.0049%	8h	0.7060	+0.026%	$6K	—	5x	as long as short
Lighter ETHFI	+0.0096%	1h	0.7068	+0.140%	$1.1M	$879K	5x	as long as short
Hyperliquid ETHFI	+0.0100%	1h	0.7061	+0.040%	$17.5M	$7.9M	5x	as long as short
Aster ETHFIUSDT	+0.0100%	4h	0.7064	+0.088%	$180K	$263K	10x	as long as short
Binance ETHFIUSDTshort	+0.0100%	4h	0.7055	−0.043%	$24.5M	$35.3M	75x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ETHFIUSDT	+0.0100%	4h	0.7060	+0.028%	$17.6M	$12.6M	25x	as long as short
OKX ETHFI-USDT-SWAP	+0.0100%	4h	0.7064	+0.085%	$5.0M	$12.4M	20x	as long as short
Gate ETHFI_USDT	+0.0100%	4h	0.7064	+0.085%	$1.7M	$2.0M	75x	as long as short
MEXC ETHFI_USDT	+0.0100%	4h	0.7055	−0.043%	$15.7M	$4.0M	125x	as long as short
KuCoin ETHFIUSDTM	+0.0100%	4h	0.7070	+0.170%	$1.2M	$228K	50x	as long as short
Bitget ETHFIUSDT	+0.0100%	4h	0.7060	+0.028%	$6.1M	$5.2M	75x	as long as short
BingX ETHFI-USDC	+0.0100%	4h	0.7062	+0.057%	—	$1.2M	—	as long as short
Variational Omni ETHFI	+0.0100%	4h	0.7054	−0.054%	$977K	$710K	—	as long as short
Polymarket Perps ETHFI-USD	+0.0100%	1h	0.7079	+0.293%	$70K	$118K	5x	as long as short
SunX ETHFI-USDT	+0.0100%	4h	0.7071	+0.184%	$2K	$1.1M	20x	as long as short
Extended ETHFI-USD	+0.0104%	1h	0.7055	−0.042%	$97K	$379K	10x	as long as short
Aevo ETHFI-PERP	+0.0104%	1h	0.7061	+0.037%	$8K	—	3x	as long as short
BloFin ETHFI-USDT	+0.0340%	4h	0.7062	+0.057%	$1.2M	$248K	75x	as long as short
Coinbase International ETHFI-PERP-INTX	+0.0624%	1h	0.7096	+0.538%	$31K	$6K	50x	as long as short